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Grand China Logistics cape fleet up for sale

Grand China Logistics cape fleet up for sale

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Brokers expect a string Jinhai Heavy built capes for sister firm Grand China Logistics will be sold in the weeks to come.

The large private owner – part of the HNA Group – started selling capes at the end of January, when it sold its oldest cape, a 16-year-old bulker to Fred Cheng’s Shinyo International.

The 2010-built Bulk Peace is also on the sales block as is the four year younger Bulk Success. The company is listed with nine Jinhai-built capes and sources tell Splash a total of seven of these ships are being marketed for sale.

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Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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